Everbridge, Inc. (EVBG) Given New $28.00 Price Target at Canaccord Genuity
Everbridge, Inc. (NASDAQ:EVBG) had its price target boosted by Canaccord Genuity from $27.00 to $28.00 in a research report sent to investors on Friday. They currently have a buy rating on the technology company’s stock.
Other research analysts have also issued reports about the stock. KeyCorp reissued a buy rating and issued a $27.00 target price on shares of Everbridge in a research note on Friday. Bank of America Corporation raised their target price on shares of Everbridge from $24.00 to $28.00 and gave the stock a buy rating in a research note on Tuesday, May 9th. Stifel Nicolaus reissued a buy rating and issued a $27.00 target price (up from $22.00) on shares of Everbridge in a research note on Tuesday, May 9th. Zacks Investment Research raised shares of Everbridge from a sell rating to a hold rating in a research note on Tuesday, April 18th. Finally, Needham & Company LLC assumed coverage on shares of Everbridge in a research note on Monday, April 17th. They issued a buy rating and a $25.00 target price on the stock. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $25.60.
Everbridge (NASDAQ:EVBG) traded up 1.23% during midday trading on Friday, hitting $22.17. The company had a trading volume of 563,767 shares. Everbridge has a 1-year low of $11.76 and a 1-year high of $26.87. The firm’s market capitalization is $617.70 million. The company has a 50 day moving average price of $23.89 and a 200 day moving average price of $21.86.
Everbridge (NASDAQ:EVBG) last posted its quarterly earnings data on Thursday, August 3rd. The technology company reported ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.03. Everbridge had a negative return on equity of 27.23% and a negative net margin of 16.72%. The company had revenue of $25 million for the quarter, compared to analysts’ expectations of $24.49 million. Everbridge’s revenue was up 34.4% on a year-over-year basis. Equities research analysts forecast that Everbridge will post ($0.30) earnings per share for the current fiscal year.
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In other Everbridge news, Director Cintawati W. Putra sold 58,000 shares of the business’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $23.72, for a total value of $1,375,760.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kenneth S. Goldman sold 27,609 shares of the business’s stock in a transaction on Thursday, July 6th. The stock was sold at an average price of $23.05, for a total transaction of $636,387.45. Following the completion of the transaction, the chief financial officer now owns 1,742 shares of the company’s stock, valued at approximately $40,153.10. The disclosure for this sale can be found here. Insiders sold a total of 227,107 shares of company stock valued at $5,358,794 in the last quarter. 41.40% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the company. State Street Corp acquired a new position in Everbridge during the fourth quarter valued at approximately $1,490,000. Russell Investments Group Ltd. acquired a new position in Everbridge during the fourth quarter valued at approximately $529,000. Teachers Advisors LLC acquired a new position in Everbridge during the fourth quarter valued at approximately $180,000. Driehaus Capital Management LLC acquired a new position in Everbridge during the first quarter valued at approximately $3,670,000. Finally, KAMES CAPITAL plc acquired a new position in Everbridge during the second quarter valued at approximately $613,000. Institutional investors and hedge funds own 37.60% of the company’s stock.
Everbridge, Inc is a global software company. The Company provides enterprise software applications that automate and accelerate organizations’ operational response to critical events in order to keep people safe and businesses running. During public safety threats, such as active shooter situations, terrorist attacks or severe weather conditions, as well as critical business events, such as information technology (IT) outages, cyber-attacks or other incidents, such as product recalls or supply-chain interruptions, its Software as a Service (SaaS)-based platform enables its customers to aggregate and assess threat data, locate people at risk and responders able to assist, automate the execution of pre-defined communications processes, and track progress on executing response plans.
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